Medical Associates Of Englewood Pc
- Assets
- $38.0m
- Revenue
- $274.9m
- Investments
- $0.0
- Employees
- 222
- Location
- Englewood, NJ
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 45-2548322
Organization Overview
Medical Associates Of Englewood Pc, operating under the name Englewood Health Physician Network, is located in Englewood, NJ. The organization was established in 2014. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Englewood Health Physician Network employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Englewood Health Physician Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Englewood Health Physician Network generated $274.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $274.9m during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUT PATIENTS FIRST BY BRINGING TOGETHER PHYSICIANS WITHIN A COMPREHENSIVE SYSTEM THAT DELIVERS THE HIGHEST QUALITY OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN ENGAGING IN THE PRACTICE OF MEDICINE AND RELATED SERVICES IN FURTHERANCE OF THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bernik MD Chief Of Service-Vascular Surg | 55 | $1,148,916 | |
Nimesh P Nagarsheth MD Med Dir - Gynecologic Oncology | 55 | $1,122,546 | |
Adam Arnofsky MD Cardiothoracic Surgeon | 55 | $952,500 | |
Stephen Brunnquell MD President, Physican Network | Officer | 55 | $910,255 |
James J Mcginty MD Cos/surgery & Surgical Svc | 55 | $836,328 | |
Anna Serur MD Sect Chief Colon & Rectal Surg | 55 | $810,206 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heart Vascular Associates Medical | 12/30/21 | $33,880,909 |
Bart Degregorio Md Llc Medical | 12/30/21 | $16,405,095 |
Orthopedic Associates Of Englewood Medical | 12/30/21 | $14,357,043 |
Brescia Migliaccio Women's Health Medical | 12/30/21 | $12,826,413 |
The Park Medical Group Medical | 12/30/21 | $11,718,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $627,637 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,637 |
| Total Program Service Revenue | $274,318,296 |
| Investment income | $505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,946,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $762,343 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,470,597 |
| Compensation of current officers, directors, key employees. | $933,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,237,380 |
| Pension plan accruals and contributions | $604,851 |
| Other employee benefits | $11,770,002 |
| Payroll taxes | $2,241,502 |
| Fees for services: Management | $571,498 |
| Fees for services: Legal | $553,767 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,616,734 |
| Advertising and promotion | $213,100 |
| Office expenses | $11,345,631 |
| Information technology | $2,291,103 |
| Royalties | $0 |
| Occupancy | $17,104,048 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,444,835 |
| All other expenses | $0 |
| Total functional expenses | $274,946,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,686,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,031,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,518,554 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,237,156 |
| Intangible assets | $0 |
| Other assets | $570,610 |
| Total assets | $38,044,467 |
| Accounts payable and accrued expenses | $20,186,135 |
| Grants payable | $0 |
| Deferred revenue | $4,771,911 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,086,421 |
| Total liabilities | $38,044,467 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,044,467 |
Grants Awarded
Over the last fiscal year, Medical Associates Of Englewood Pc has awarded $1,210,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Englewood, NJ PURPOSE: PROGRAM SUPPORT | $659,414 |
Englewood, NJ PURPOSE: PROGRAM SUPPORT | $551,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pinnacle Health Medical Services Harrisburg, PA | $62,082,359 | $358,432,911 |
Main Line Healthcare Newtown Square, PA | $118,136,702 | $349,358,338 |
Physicians Of University Hospital Pc Westbury, NY | $91,787,225 | $282,594,740 |
Medical Associates Of Englewood Pc Englewood, NJ | $38,044,467 | $274,946,438 |
Clinical Care Associates Of The University Of Pennsylvania Health Bala Cynwyd, PA | $70,443,492 | $209,271,901 |
Western New York Medical Practice Pc Rochester, NY | $26,530,939 | $128,934,853 |
St Josephs Medical Pc Syracuse, NY | $40,455,825 | $136,268,897 |
Mount Sinai Health System Self Insurance Trust New York, NY | $337,636,938 | $98,428,023 |
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |